Tightening Financial Conditions Could Spell Trouble For World Economy
Due to climbing energy prices, falling stocks, and the market turmoil from Russia’s unprovoked invasion of Ukraine in late February, global financial conditions are now at their tightest since early 2016...
TD Makes Biggest Ever Purchase With $13.4 Billion Deal For First...
In order to expand its footprint in the southeastern United States, Toronto-Dominion Bank Group will buy First Horizon Corp for $13.4 billion in cash, betting on rapid population growth in the region with its record acquisition...
Premium
Weee! Looking To Expand In All Directions With Massive New Funding...
Multicultural e-grocer Weee! wants to be “the primary source for food at home,” according to its founder and Chief Executive Officer, Larry Liu. Coming off a year in which its monthly active users grew 150%, Weee! has recently secured $425 million in Series E funding that will do a lot to help it reach this goal...
Premium
Expulsion From SWIFT Weaponized Against Russia
In a joint statement on February 26, the U.S., U.K., Canada, France, Germany, Italy, and the European Commission announced that they would remove "selected Russian banks" from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system...
New Year, Same Old Issues For Berkshire Hathaway
In early 2022, Warren Buffett’s company, Berkshire Hathaway, surpassed Meta (formerly Facebook) in market value. Despite this success, and as Berkshire releases its latest earnings and annual letter to shareholders, some of the biggest issues the company will face in the future have not changed...
Premium
Goldman: Russian Assets Will Soon Be “Uninvestable” Thanks To Sanctions
Following the most recent round of international sanctions against Russia over its invasion of Ukraine, Russian assets are becoming “uninvestable,”according to Goldman Sachs. One key measure is looking to freeze the Central Bank of Russia’s roughly $630 billion foreign reserve stockpile...
Regulatory Scrutiny Mounts For Chinese Stocks Listed In The U.S.
Chinese internet platform companies with more than one million users will have to get government approval before listing overseas, following the country’s Cyberspace Administration’s (CAC) issuing of new rules earlier this month. To stay public beyond the U.S., if regulation here forces companies to delist from New York...
Premium
Hedge Fund Standard General Buys Local TV Owner Tegna After Testy...
After a contentious proxy fight, local TV station owner Tegna Inc. will sell to its largest stockholder Standard General in a $5.4 billion cash deal. The takeover will include the assumption of debt, increasing the total value of the sale to about $8.6 billion...
Premium
JPMorgan Opens Virtual Lounge, Banking On Metaverse Infiltration
JPMorgan became the first U.S. bank to open a virtual space, dipping its toe into the metaverse ethers. Experimenting with tech’s latest concept, the global investment bank has set up the “Onyx by J.P. Morgan” lounge, located in the three-dimensional virtual world platform, Decentraland...
Surveyed Crypto Holders Prefer Banks To Exchanges
People who hold cryptocurrencies would choose to place their money in banks rather than crypto exchanges, according to a survey by the professional services company, EY. Eighty percent of the crypto consumers polled reported that they would prefer the bank option, though most holdings are currently with crypto exchanges...
Popular Articles
Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...